An interest-free loan worth Rs. 150000 had taken on 01.05.2022 for payment of the PPF account but the same was repaid in full on 28.03.2023. How to show the same in the balance sheet in ITR-3? Kindly help by way of sending your valuable opinion. Regards, T.K.ROY, West-Bengal

Dear Experts, MY 26 AS A.Y 2023-24 Showing wrong Data, Part -1 TDS showing Sec 194C Amount Paid 73128/- TDS Rs 731/- & another Amount Paid 72980/- Sec 194C But These entry not related to me. Please suggest .

Hi. I have sold multiple capital assets on different dates in FY 2023 and purchased another capital asset in the same FY. How do I show this in Schedule CG of ITR 2. In Part D of Schedule CG, it is allowing to enter only one item so how do I show multiple sale dates in Table D on 'Deduction claimed against CG' ?

TDS Return Q2 ( FY 2022-23) filed in Section 194IC instead of 194IB ( Challan paid in Section 194I) return processed without any default. how can i correct the section code in returns.

How to amendment From B2B To B2C due to wrongly uploaded Composition Dealer under B2B

Return for the A.Y 2022 23 file before due date and process under 143(1) and after that notice under section 143(2) issue. Now we have realised that some mistake have been made in return. Now can I file the revise return and what is the time limit for that.
Can we file the revise return before filing the reply to income tax against notice

Scenario:
1) Father or mother gifts by cash over Rs.50000/- to daughter;
2) Daughter gifts by cash over Rs.50000/- to father or mother.
3) Father gifts by cash (less than Rs.50000/- to daughter and
4) Daughter gifts cash (less than Rs.50000/- to father.
Queries:
a) will the gift be treated as the income of the recipient and taxed or
b) will the donar taxed? or
c) income arising out of the gift will only be taxed in the hands of the donee.
d) Is there a limit to the amount of gift?
e) whether documents (gift deed)to be prepared ?
f) Even if the gifted amount is less thanRs.50000/ should gift deed be prepared?
Please educate with detailed answer for all the queries. I shall thank you in advance.
vsraj

While filing of ITR-U for AY 21-22, I have taken the income as displayed in Form 26AS in my ITR but I dont want to claim the TDS deducted as refunds are not allowed while filing ITR-U. However I have paid the late fee as applicable u/s 234F of Rs. 1000. I have a TDS credit of Rs. 1700 , but i dont want to claim the credit, however I have declared the corresponding income in my ITR. Will it be the correct way to file the ITR or there may be an issue while processing the ITR-U?

Sir,
It assessess some amount advance tax challan payment f.y.23-24.
Question:
Challan payment procedure any changes

CAN A COMPANY DECLARE DIVIDEND FROM THE FREE RESERVES RECEIVED ON PART OF DEMERGER EVENT AND WITHIN 1 MONTH OF BUYBACK OF SHARES IN PRIVATE LIMITED COMPANY.